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Geely Holding and NIO Sign A Cooperation Agreement on Battery Swapping Business

On November 29, 2023, Geely Holding and NIO signed a strategic cooperation agreement on battery swapping in Hangzhou.

VMware Is Acquired by Broadcom, Employees in China May Receive New Contracts or Severance Pay

Broadcom has acquired VMware for $69 billion. Recently, there have been reports that the Beijing branch of VMware is undergoing trademark changes and personnel adjustments.

Pinduoduo Q3 Financial Figures Exceed Market Expectations

Pinduoduo's revenue reached 68.84 billion yuan in Q3, 2023, a 93.9% increase from the same period last year, nearly doubling, and a net increase of nearly 16.6 billion yuan from 52.281 billion yuan in the second quarter, far exceeding market expectations.

Apple’s Vision Pro Heads into Mass Production, Boosting Mainland China’s Supply Chain Involvement

Apple will officially start mass production of the first generation MR (Mixed Reality) product Vision Pro in December this year, significantly boosting mainland China's supply chain.

Huawei’s Richard Yu: The New Company Has Invited the “Four Jie”, Hoping FAW Will Join

On November 28th, Richard Yu, CEO of Huawei Consumer BG, stated that Huawei has extended invitations to Seres, Chery, JAC Motors, and BAIC, and hopes that FAW Group will also join.

Changan Auto Launches L07/S07 Models in Bangkok, Southeast Asia Debut Set for Nov 29

Changan Automobile has officially established a Southeast Asia Division. At the same time, it sets up three local companies and localized operation teams. The construction of a new-energy vehicle production base in Thailand has also begun.

SHEIN Covertly Files for US IPO, Valuation Could Surpass $80 Billion

Chinese fast-fashion e-commerce platform, Shein, has reportedly submitted an application to the U.S. Securities and Exchange Commission in secret, to prepare for a U.S. listing. It will be one of the largest IPOs in the U.S. securities market in recent years.

DiDi App Crashed, Full Repair Pending

On the late evening of November 27, the Chinese ride-hailing app Didi crashed. DiDi users in Shanghai, Beijing, and Guangzhou reported on social media that they were unable to use the DiDi app and that the maps were not loading.

Xiaomi Automobile’s Imminent Listing: New Retail Store Design Revealed

On November 26th, the latest design of Xiaomi retail stores has been revealed in preparation for the launch of Xiaomi's first car model.

NIOPhone Will Soon Support Google GMS Framework

A netizen asked when Google GMS framework would be supported, Yin Shuijun, the head of the NIOPhone, replied that it could be achieved in mid-late next month.

Alibaba’s Quantum Lab to Donate Equipment to Zhejiang University Amid Closure Rumors

On November 26th, Alibaba Group's DAMO Academy responded to recent rumors about the closure of its Quantum Laboratory, stating that the DAMO Academy will donate the quantum laboratory and transferable quantum experimental equipment to Zhejiang University.

Huawei and Changan Auto Establish a New Joint Venture

On November 25th, Huawei partnered with Changan Automobile to create a new company, relocating its smart car business unit there.

ByteDance’s Gaming Subsidiary, Nuverse, Initiates Large-Scale Layoff

ByteDance's gaming subsidiary, Nuverse, is said to initiate a large-scale layoff starting from Monday.

Tesla China Responds to FSD Implementation in China: Currently Progressing

On November 23rd, Tesla China responded to FSD implementation in China: 'Currently, it is indeed being promoted.'

Dell Will Stop Selling Some Products with AMD 7900 Graphics Cards in China

Dell will stop selling products in China that are equipped with multiple AMD 7900 graphics cards.

OPPO Reno 11 and Reno 11 Pro Officially Released

Today, OPPO officially released the brand new Reno 11 Pro series smartphones.

Graphcore Withdraws from China Due to the Impact of US Export Controls

Graphcore, the AI chip unicorn known as 'British Nvidia', will lay off most of its Chinese employees and halt sales in China.

TCL’s Self-developed Chip Team Disbanded: Unable to Afford Million-RMB Salaries Anymore

On November 21st, according to industry insiders, Mooresilicon, a chip design joint venture under TCL Technology, has been 'dissolved'.

Honor Announces New Leadership Prior to Intended IPO

Since its spin-off from Huawei three years ago, Chinese smartphone manufacturer Honor has made substantial progress in its much-anticipated listing. On November 22, Honor issued a board announcement, stating that it will continue to optimize its equity structure, attract diversified capital, and enter the capital market through an initial public offering (IPO), clarifying the previous […]

A Tesla Owner Ordered by Court to Apologize for Infringing Tesla’s Reputation

Today, a Tesla car owner involved in a car accident was judged by the court to have infringed the reputation of Tesla, and was demanded to issue an apology.

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